英语论文网

留学生硕士论文 英国论文 日语论文 澳洲论文 Turnitin剽窃检测 英语论文发表 留学中国 欧美文学特区 论文寄售中心 论文翻译中心 我要定制

Bussiness ManagementMBAstrategyHuman ResourceMarketingHospitalityE-commerceInternational Tradingproject managementmedia managementLogisticsFinanceAccountingadvertisingLawBusiness LawEducationEconomicsBusiness Reportbusiness planresearch proposal

英语论文题目英语教学英语论文商务英语英语论文格式商务英语翻译广告英语商务英语商务英语教学英语翻译论文英美文学英语语言学文化交流中西方文化差异英语论文范文英语论文开题报告初中英语教学英语论文文献综述英语论文参考文献

ResumeRecommendation LetterMotivation LetterPSapplication letterMBA essayBusiness Letteradmission letter Offer letter

澳大利亚论文英国论文加拿大论文芬兰论文瑞典论文澳洲论文新西兰论文法国论文香港论文挪威论文美国论文泰国论文马来西亚论文台湾论文新加坡论文荷兰论文南非论文西班牙论文爱尔兰论文

小学英语教学初中英语教学英语语法高中英语教学大学英语教学听力口语英语阅读英语词汇学英语素质教育英语教育毕业英语教学法

英语论文开题报告英语毕业论文写作指导英语论文写作笔记handbook英语论文提纲英语论文参考文献英语论文文献综述Research Proposal代写留学论文代写留学作业代写Essay论文英语摘要英语论文任务书英语论文格式专业名词turnitin抄袭检查

temcet听力雅思考试托福考试GMATGRE职称英语理工卫生职称英语综合职称英语职称英语

经贸英语论文题目旅游英语论文题目大学英语论文题目中学英语论文题目小学英语论文题目英语文学论文题目英语教学论文题目英语语言学论文题目委婉语论文题目商务英语论文题目最新英语论文题目英语翻译论文题目英语跨文化论文题目

日本文学日本语言学商务日语日本历史日本经济怎样写日语论文日语论文写作格式日语教学日本社会文化日语开题报告日语论文选题

职称英语理工完形填空历年试题模拟试题补全短文概括大意词汇指导阅读理解例题习题卫生职称英语词汇指导完形填空概括大意历年试题阅读理解补全短文模拟试题例题习题综合职称英语完形填空历年试题模拟试题例题习题词汇指导阅读理解补全短文概括大意

商务英语翻译论文广告英语商务英语商务英语教学

无忧论文网

联系方式

英国留学生公司法论文:The indemnity order in a derivative action

论文作者:代写留学生论文论文属性:硕士毕业论文 thesis登出时间:2011-05-05编辑:zn1987点击率:4475

论文字数:13796论文编号:org201105051335385208语种:英语 English地区:英国价格:$ 66

关键词:Comparative law; Corporate insolvency; Derivative claimsIndemnity costsMinorityshareholdersUnfairly prejudicial conduct

The indemnity order in a derivative action

Subject: Company law. Other related subjects: Civil procedure

Keywords: Comparative代写留学生论文 law; Corporate insolvency; Derivative claims; Indemnity costs; Minorityshareholders; Unfairly prejudicial conduct

2 Introduction
The cost of litigation may be a significant practical obstacle for the claimant under a derivativeaction.1The success of a derivative action depends not only on the legal armoury such as legalrights and adequate remedies, but also on how to enforce them. Sufficient funds are, to some extent,prerequisites to those who wish to use the law as the litigation expense is high. As Genn explained:

“A civil justice system which seeks to promote equal access to just outcomes requires procedureswhich maximise opportunities for entry into the system and offer procedures that minimise the effectsof resource inequalities on outcomes.”

The derivative action, materially speaking, is merely a procedural device to enable the court to dojustice to the company.3With the wrong done to the company, the minority shareholders will suffer areflective loss.4Their aim is not to sell shares and leave the company but to gain from the investment.In this sense, the derivative action is the right remedy for those shareholders who would like to stayin the company.5Even in a successful action the pecuniary recovery flows to the company directly.Presumably, if the value of the shares is increased by a pro rata portion of the recovery, theshareholder claimant will benefit to the same extent as other non-participants from the derivativeaction.

In most cases, the legal cost outweighs the future benefit accruing to the claimant https://www.51lunwen.org/liuxuelunwendx/shareholder. It isdifficult to see why a claimant shareholder should risk his own time and funds in commencing aderivative action, as the result in terms of the pecuniary recovery is always uncertain. Few individualshareholders initiate a derivative action arguably because of the lack of financial incentive. In itssubstantive perspective, the issue of who bears the cost of the action plays an essential role in thedecision whether to commence a derivative action. In view of the equitable nature of the derivativeaction, could the indemnity cost order bridge the gap? To a certain extent, an indemnity, if positivelygranted, will increase the incentive of the minority shareholder to initiate an action, and consequentlythe governance mechanism of the company. Otherwise, the cost burden and the inconveniencecaused may act as a deterrent,6even in a case of a meritorious action.

This analysis will be structured as follows. The first part will produce some background information byintroducing the derivative action. The second part attempts to analyse the United Kingdom'sdevelopment of the indemnity order by studying some typical cases; the third part examinesexperiences from some other jurisdictions; the fourth part tries to evaluate a few controversial issues;the fifth part explores the feasibility of sorting out difficulties in performing the indemnity order. Thelast part will make a tentative conclusion.

The derivative action
A major shareholder's contravention of the law subjects the company to suffer a loss, which is verylikely to give rise to the consequence of the decline of the share price and probably the loss ofcompany assets.7At an intangible level, the company's commercial opportun论文英语论文网提供整理,提供论文代写英语论文代写代写论文代写英语论文代写留学生论文代写英文论文留学生论文代写相关核心关键词搜索。

共 1/2 页首页上一页12下一页尾页

相关文章

    英国英国 澳大利亚澳大利亚 美国美国 加拿大加拿大 新西兰新西兰 新加坡新加坡 香港香港 日本日本 韩国韩国 法国法国 德国德国 爱尔兰爱尔兰 瑞士瑞士 荷兰荷兰 俄罗斯俄罗斯 西班牙西班牙 马来西亚马来西亚 南非南非